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Virginia Bankruptcy Laws

How To File Ch 7 and Ch 13 Bankruptcy in Virginia

Virginia bankruptcy laws were designed to help people eliminate debt. To best help people struggling with debt, Virginia provides two bankruptcy options.

You can learn more about these options on this page, or, if you want answers about how these laws may affect you right away, speak with a nearby Virginia bankruptcy lawyer.

For a free case evaluation with a local bankruptcy lawyer in Virginia, complete the free form:

Filing for Personal Bankruptcy in Virginia

Chapter 7 and Chapter 13 bankruptcy laws address different debt relief needs you might have. Virginia’s Chapter 7 bankruptcy laws may be able to offer life-altering help to those with little to no income, but lots of credit card debt.

Chapter 7 bankruptcy could lead to a complete discharge of your credit card debt. Learn how by speaking with a local bankruptcy attorney.

Credit card debt, as well as medical debt, personal loans and payday loans, is considered unsecured debt. This type of debt may be discharged and retired entirely by filing bankruptcy.

People can also protect some or all of their property by taking advantage of the state’s exemptions.

Any property covered under Virginia exemptions will be protected from a liquidation sale. In most Chapter 7 bankruptcy cases there is no property sale.


  • A homestead worth up to $5,000 plus an additional $500 for each dependent.


  • 75 percent of your weekly earnings.


  • One motor vehicle worth up to $2,000.

Personal Property

  • Family Bible.
  • Wedding and engagement rings.
  • Up to $5,000 worth of family portraits and heirlooms.
  • Up to $5,000 worth of a burial plot and a pre-need funeral contract.
  • Up to $1,000 worth of clothing.
  • Up to $5,000 worth of household furnishings.
  • All household pets.
  • 100 percent of medically prescribed healthy aids.
  • Up to $10,000 worth of trade tools.
  • Additional agricultural items worth up to $3,000.

For those who own a home or other valuable property, then Chapter 13 bankruptcy may be a better fit. They’ll also need some form of regular income.

In Virginia, Chapter 13 bankruptcy is commonly used by people who went into deep debt during a temporary setback, such as a job loss or injury. Now, they may have regained work, but are stuck with monthly fees and interests that are unmanageable.

Bankruptcy may help you get these debts under control by combing, consolidating and sometimes reducing these debts.

Creditors will stop calling, and you’ll make one monthly payment, instead of several, to a court-appointed trustee. This trustee will handle all of your debts in order.


Speak With a Virginia Bankruptcy Lawyer Today for Free

A Virginia bankruptcy lawyer can help you navigate the state’s laws. Get answers to your questions, and know exactly how filing bankruptcy may impact your debt.

Start with a free bankruptcy case evaluation with a local lawyer in Virginia. Complete the free form on this page or call, toll free, at 877-349-1309 and we'll connect you right away.

Note: Keep in mind all laws are complex. If you need more information about filing bankruptcy in Virginia or want to fully understand how these laws affect you, please speak with a local attorney. Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.

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